Mr Hamilton is in negotiations with two other potential purchasers, but insisted no deal would be done unless it included a commitment to pay off the club's estimated debts of £4m in full.

Wrexham was placed into administration last December and Mr Hamilton, the largest single creditor behind the Inland Revenue and Customs & Excise, claimed it was the duty of administrator David Acland to satisfy everyone owed money.

"The administrator is making noises of a different kind and that's being managed because my view is that he must adopt a strategy of paying the creditors in full, but I'm happy enough for the club to stay at the Racecourse for another 12 months," he said. "It might suit my purposes for the club to carry on using the site while I get on with other things, which include finding an alternative site. But my notice to quit stays in place and I'm open to discussions about that.

"I will leave no stone unturned and no asset unsold in order to ensure payment in full to the creditors. I'm determined to make sure they are not going away with 20p in the pound.

"There are strong lines of communication with the administrators, who are testing the situation to see what can be done and how best to achieve payment of creditors.

"If that ultimately means building on the Racecourse site, that's the way it's got to be, unless someone comes in with a suitable bid to buy out my interests."

Mr Hamilton claimed he had offered Mr Dickens more money for his garage site adjacent to the Race-course than the businessman had put forward as an acceptable purchase price for both the club and the stadium.

He added: "I'm trying to make progress with certain other developers at the moment and meetings are ongoing. One party is looking at a partial redevelopment of the site and the other is more seriously looking at relocation the club to another stadium."